Wall Street's “outsized compensation system” and reliance on trading for quick profits has distorted the country's banking system, Robert Wilmers wrote in his annual message to M&T's shareholders.
Those factors, plus the failure of government regulatory schemes to distinguish between Wall Street's “virtual casino” and normal banking, significantly hamper the economy, Wilmers wrote.
== pretty much says it all
in the last decade .. *investment* has become a dirty word while volatility is desired .. and with a controlled market even those sor who invest for the LT may find the *maintained* PPS of big board co.s' <msft comes to mind> for a decade plus with little to show by way of a ROI for that time invested to be inducement enough
== 4kids all jmo
10/5/07 -- there are no coincidences here ... oh and like many other longs .. not selling at this level --